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Effort underway to lower income taxes in Louisiana -- but at a cost; here s the proposal

Effort underway to lower income taxes in Louisiana but at a cost; here s the proposal Tyler Bridges A complicated tax swap that would eliminate a popular deduction in exchange for lowering income tax rates passed its first step when it won approval from a Louisiana Senate committee Tuesday. But it still has a long road to travel before it can become law, which would ultimately require a vote by the people. Senate Bill 159, approved by the Senate Revenue & Fiscal Affairs Committee, is part of a package of bills sought by the legislative leadership that would no longer allow individuals and corporations to subtract their federal income tax payments on their state income tax returns. In exchange, individuals and corporations would be assessed lower tax rates.

United statesNew orleansBaton rougeJan mollerDonald trumpStuart bishopNeil riserNeil abramsonRobert travis scottBret allainDaniel erspamerJohn bel edwardsPublic affairs research council of louisianaLouisiana senateRevenue fiscal affairs committeePelican institute for public

Senate committee votes to lower top Louisiana income tax rate, eliminate federal tax break

Senate committee votes to lower top Louisiana income tax rate, eliminate federal tax break David Jacobs, The Center Square © Provided by Washington Examiner A Louisiana Senate committee voted Tuesday to amend the state constitution to lower the maximum allowable personal income tax rate and give lawmakers the ability to eliminate a major tax break for federal income taxes paid. The state constitution caps the top state income tax rate for individuals at 6%. Senate Bill 159 by Sen. Bret Allain, the Republican who chairs his chamber’s Revenue and Fiscal Affairs Committee, would lower the maximum top rate to 5%. The amendment also would strike from the constitution the state’s income tax break for federal taxes paid. Allain said a companion statute would establish a 4.25% top rate and abolish the tax break.

United statesLouisiana state capitolKaren carter petersonJan mollerDavid jacobsD new orleansBret allainDepartment of revenueCenter squareA louisiana senateFiscal affairs committeeLouisiana stateLouisiana senateSenate billLouisiana budget projectஒன்றுபட்டது மாநிலங்களில்

Committee lowers top income tax rate, eliminates federal tax break

Committee lowers top income tax rate, eliminates federal tax break A Louisiana Senate committee voted Tuesday to amend the state constitution to lower the maximum allowable personal income tax rate and give lawmakers the ability to eliminate a major tax break for federal income taxes paid. The state constitution caps the top state income tax rate for individuals at 6%. Senate Bill 159 by Sen. Bret Allain, the Republican who chairs his chamber’s Revenue and Fiscal Affairs Committee, would lower the maximum top rate to 5%. The amendment also would strike from the constitution the state’s income tax break for federal taxes paid. Allain said a companion statute would establish a 4.25% top rate and abolish the tax break.

United statesKaren carter petersonJan mollerD new orleansBret allainDepartment of revenueA louisiana senateFiscal affairs committeeLouisiana senateSenate billLouisiana budget projectஒன்றுபட்டது மாநிலங்களில்கரேன் கார்ட்டர் பீட்டர்சன்ஜான் மாலர்ட புதியது ஆர்லீயந்ஸ்ப்ரெட் அலைன்

Assemblé nationale: Les députés se réunissent aujourd hui pour former le Bureau

Assemblé nationale: Les députés se réunissent aujourd hui pour former le Bureau
abidjan.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abidjan.net Daily Mail and Mail on Sunday newspapers.

Place the officeFinancial affairs committeeBureau of nationalCommittee for economicநிதி வாழ்க்கைத்தொழில்கள் குழுபணியகம் ஆஃப் தேசியகுழு க்கு பொருளாதார

La committee votes to lower top income tax rate, eliminate federal tax break

La committee votes to lower top income tax rate, eliminate federal tax break
ktbs.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ktbs.com Daily Mail and Mail on Sunday newspapers.

United statesBaton rougeKaren carter petersonJan mollerD new orleansBret allainDepartment of revenueA louisiana senateFiscal affairs committeeLouisiana senateSenate billLouisiana budget projectஒன்றுபட்டது மாநிலங்களில்தடியடி ரூஜ்கரேன் கார்ட்டர் பீட்டர்சன்ஜான் மாலர்